MARKET ANALYSIS - Intraday Analysis

Upwards scenario: EURUSD remains downwards oriented, however we expect some correction ahead. Loss of resistance at 1.1048 (R1) could be considered as signal of such. Higher targets locates at 1.1110 (R2) and 1.1172 (R3). Downwards scenario: Local low offers a key supportive measure at 1.0952 (S1) on the downside. A violation here is liable to prolong downtrend structure and expose our initial targets at 1.0890 (S2) and 1.0829 (S3).

Resistance Levels: 1.1048, 1.1110, 1.1172

Support Levels: 1.0952, 1.0890, 1.0829